NOT LISTED FOR SALE

Estimated Value: $999,000 - $1,318,772

6 Beds
4 Baths
2,470 Sq Ft
$468/Sq Ft Est. Value

Last Sold February 11, 2016

Last sale price $670,000 $271 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $6,905/month

76 Days on Market

About This Home

As of February 2016

Tri-plex Back on Market! Fantastic Investment Opportunity with long term tenants and low maintenance. Property has new windows, partial copper plumbing, newer roof and new exterior siding and paint. Current rents are $4100 /month, owner willing to help increase to $4400/month prior to close of escrow. There is additional upside potential with market rents being $4750/month. All tenants would like to stay long term but owner can vacate a unit if desired. Units are separately metered and tenants pay ALL their own utilities including trash! Owner only pays water/sewer which is $60/month total. This is a low maintenance low expense property. Large 4 bedroom front house has refinished oak cabinets and granite counters, hand scraped espresso laminate floors, recessed lighting, and all new windows. Laundry inside as well. Beautiful staircase to upstairs large master approx 300 sq ft. Private driveway for front house which fits 2-3 cars. Large back yard. Gated parking in back for the two one bedroom units.

Last Agent to Sell the Property

Steven Lamb

RAD Real Estate Management Inc License #01416452 Listed on: 12/26/2015

Last Buyer's Agent

Christopher Livingston

The Livingston Group Inc License #01891045

The Livingston Group Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,904 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 10 Parking Spaces

Home Design

  • 2,470 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267017021

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,725
  • Net Operating Income $56,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7267017021
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 271.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5904.00
  • Price Per Lot Square Foot: 113.48
  • Lot Size Acres: 0.1360

Multi Family

  • Gross Income: 4725.00
  • Gross Scheduled Income: 56700.00
  • Lot Size Area: 5904.0000 Square Feet
  • Net Operating Income: 56700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 19
  • Tax Tract Number: 5764

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2015
Closed on
Jan 26, 2016
Sold by
Callies Moira Ann
Bought by
Callies Cory W
Seller's Agent
Steven Lamb
RAD Real Estate Management Inc
Buyer's Agent
Christopher Livingston
The Livingston Group Inc
List Price
$750,000
Sold Price
$670,000
Premium/Discount to List
-$80,000
-10.67%
Current Estimated Value
$1,156,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,693
Avg. Annual Appreciation
5.67%
Original Mortgage
$502,500
Outstanding Balance
$399,910
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$756,783

Purchase Details

Listed on
Dec 26, 2015
Closed on
Jan 13, 2016
Sold by
Kost Merle M and Kost Deborah R
Bought by
Callies Cory W
Seller's Agent
Steven Lamb
RAD Real Estate Management Inc
Buyer's Agent
Christopher Livingston
The Livingston Group Inc
List Price
$750,000
Sold Price
$670,000
Premium/Discount to List
-$80,000
-10.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Outstanding Balance
$399,910
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$756,783

Purchase Details

Closed on
May 18, 2013
Sold by
Kost Deborah R
Bought by
Kost Merle M and Kost Deborah R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,700
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2012
Closed on
Sep 28, 2012
Sold by
Bank Of America Na
Bought by
Kost Deborah R
Seller's Agent
Xavier Izquierdo
XAVIER IZQUIERDO, BROKER
Buyer's Agent
Xavier Izquierdo
XAVIER IZQUIERDO, BROKER
List Price
$329,900
Sold Price
$275,000
Premium/Discount to List
-$54,900
-16.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.46%
Original Mortgage
$280,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 21, 2012
Closed on
Sep 17, 2012
Sold by
Kost Merle M
Bought by
Kost Deborah R
Seller's Agent
Xavier Izquierdo
XAVIER IZQUIERDO, BROKER
Buyer's Agent
Xavier Izquierdo
XAVIER IZQUIERDO, BROKER
List Price
$329,900
Sold Price
$275,000
Premium/Discount to List
-$54,900
-16.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2011
Sold by
Martinez Mariano
Bought by
Bank Of America Na

Purchase Details

Closed on
Jun 5, 2003
Sold by
Gonzalez Rosa and The Rosa Gonzalez Trust
Bought by
Martinez Mariano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 1998
Sold by
Gonzalez Rosa
Bought by
Rosa Gonzalez Trust

Purchase Details

Closed on
Jun 24, 1997
Sold by
Gonzalez Pedro
Bought by
Gonzalez Rosa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Callies Cory W -- Lawyers Title
Callies Cory W $670,000 Lawyers Title
Kost Merle M -- Ticor Title Tustin Orange Co
Kost Deborah R $270,000 Landsafe Title
Kost Deborah R -- North American Title Co Inc
Bank Of America Na $357,300 Landsafe Title
Martinez Mariano $295,000 Ticor Title Company
Rosa Gonzalez Trust -- --
Gonzalez Rosa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Callies Cory W $502,500
Previous Owner Kost Merle M $294,700
Previous Owner Kost Deborah R $280,000
Previous Owner Martinez Mariano $236,000
Closed Martinez Mariano $14,740
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2016 02/11/16 Sold $670,000 -10.7% $271 / Sq Ft
01/15/2016 01/15/16 Pending -- -- --
10/31/2015 10/31/15 For Sale $750,000 +172.7% $304 / Sq Ft
10/12/2012 10/12/12 Sold $275,000 -16.6% $118 / Sq Ft View Prior Sale
09/05/2012 09/05/12 Pending -- -- --
08/21/2012 08/21/12 For Sale $329,900 -- $142 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,342 $793,137 $556,381 $236,756
2024 $10,342 $777,586 $545,472 $232,114
2023 $10,168 $762,340 $534,777 $227,563
2022 $9,551 $747,393 $524,292 $223,101
2021 $9,356 $732,739 $514,012 $218,727
2020 $9,331 $725,507 $508,742 $216,765
2019 $9,223 $711,288 $498,767 $212,521
2018 $8,931 $697,348 $488,988 $208,360
2016 $3,715 $280,861 $197,643 $83,218
2015 $3,575 $276,643 $194,675 $81,968
2014 $3,565 $271,225 $190,862 $80,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15237150

California Regional Multiple Listing Service (CRMLS)

APN: 7267-017-021